Insiders at Meritor (MTOR) Make Significant Stock Sales Extends the Trend of Last Quarter

Three insiders — Jeffrey A Craig, Director and Officer, Kevin Nowlan, Officer, and Chris Villavarayan, Officer — today, sold 118,000 shares of Meritor having a market value of approximately $3,423,334, as disclosed in form 4 documents filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 45,064 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 163,064 shares and have averaged 27,177 shares per transaction over this time period.

Meritor insider trading represents a higher number of buy/sell trades than for the 31 peer company average over the last 90-day period. The Auto, Truck & Motorcycle Parts peer group saw 16 buy/sell trades during this period for an average of 0.5 transactions per company. The number of shares per buy/sell trade for Meritor insiders was also higher. Within the peer group there were 3,000 shares purchased and 343,414 shares sold with company insiders having sold 21,276 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose and write this story.